Authorize Revaluation – A summary of the activity

This activity allows you to authorize the revaluation run numbers that are in “Confirmed” status. After authorization the accounting entries will be posted in the books of accounts and can only be reversed. You can search and select the revaluation run number for authorization. This activity also allows you to return the revaluation run before authorization. Returning the revaluation run number is like rejecting the run. You can also process the revaluation run and confirm it before authorization. From activity you can also view the run status and the error details. You can also view the revaluation rule details.

The system updates the status of the revaluation run number to “Authorized” on authorization and “Returned” on returning it. The system stores the login ID of the user to the last modified by and the system date to the last modified date.

Getting familiar with the pages

What you can do in this activity

Return the revaluation run

Run revaluation before authorization

Confirming and authorizing

Return the revaluation run

The revaluation run number can be returned before authorization.

•  Go to “Authorize Revaluation” page.

•  Return the selected revaluation run number.

The system updates the status of the run number to “Returned”.

Run revaluation before authorization

The revaluation run can be processed before authorization.

• Go to “Run Revaluation” page.

• Specify the revaluation information and the cost by which the assets are to be revalued.

The system generates a unique revaluation run number.

Confirming and authorizing

The revaluation run number can be confirmed and authorized at the same time.

•  Go to “View / Confirm Revaluation” page.

•  Specify the revaluation run number and retrieve its details.

• Confirm and authorize the run number.

The system updates the status of the run number to “Authorized”.